Lorem Ipsum Management adds SunOpta (USA) (STKL) to its portfolio

SunOpta (USA) (STKL) : Lorem Ipsum Management added new position in SunOpta (USA) during the most recent quarter end. The investment management firm now holds 175,000 shares of SunOpta (USA) which is valued at $1,170,750 , the company said in a statement filed on Aug 10, 2016 with the SEC.SunOpta (USA) makes up approximately 4.68% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp reduced its stake in STKL by selling 1,436,200 shares or 50.6% in the most recent quarter. The Hedge Fund company now holds 1,401,969 shares of STKL which is valued at $8,944,562. SunOpta (USA) makes up approx 0.06% of Royce Associates Lp’s portfolio.Gamco Investors Et Al boosted its stake in STKL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 29,300 shares of SunOpta (USA) which is valued at $163,787.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in STKL in the latest quarter, The investment management firm added 242,251 additional shares and now holds a total of 1,640,078 shares of SunOpta (USA) which is valued at $9,200,838. SunOpta (USA) makes up approx 0.12% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in STKL by selling 13,565 shares or 40.59% in the most recent quarter. The Hedge Fund company now holds 19,855 shares of STKL which is valued at $100,268.

SunOpta (USA) opened for trading at $6.41 and hit $6.701 on the upside on Friday, eventually ending the session at $6.61, with a gain of 3.12% or 0.2 points. The heightened volatility saw the trading volume jump to 12,92,525 shares. Company has a market cap of $566 M.

On the company’s financial health, SunOpta (USA) reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.07. The company had revenue of $348.10 million for the quarter, compared to analysts expectations of $361.55 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on SunOpta (USA). Company shares were Reiterated by DA Davidson on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 7.50 from a previous price target of $7 .

SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing processing and packaging of natural organic and specialty food products. It operates in three segments: Global Ingredients Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters and fruit- and grain-based snacks. The Opta Minerals segment processes distributes and recycles industrial minerals; silica-free abrasives and specialty sands.

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